Exercise 10-10 Record stock dividends and stock splits (LO6) On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 19,000, $10 par, common shares. The market price of the common stock is $39 on this date.

Required: 1. Record the stock dividend assuming a small (10%) stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2. Record the stock dividend assuming a large (100%) stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

3. Record the stock dividend assuming a 2-for-1 stock split. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)